Read all about it
Read all about it
HiQ partners with Orkla Foods
HiQ is initiating a partnership with Orkla Foods to explore future digital solutions that help consumers make smart, sustainable choices in the food jungle.
“This project will deliver innovative new digital solutions with a sharp focus on sustainability and fully aligns with HiQ’s vision to make the world better and a little more fun. We are thrilled to get the opportunity to do this together with Orkla Foods,” says Anna Kleine, Managing Director of HiQ Skåne.
Increased profit and strong cash flow for HiQ
Sales for the first half of the year increase to SEK 965.5 million. Operating profit for the same period increases to SEK 121.4 million. In the second quarter of the year, sales increase to SEK 477.2 million. Cash flow for the first half of the year amounts to SEK 137.3 million and liquid assets total SEK 110.3 million. This means that our financial position remains strong. During the quarter, as announced earlier, we divested our holding in Westend Affärscentrum Oy, which is our former office space in Finland. The divestment generated a profit of SEK 22.8 million.
“As usual, the second quarter is seasonally weak with extra days off and leave. This year even more challenging compared to last year’s second quarter, with significantly less time. All in all, the first half of the year we deliver strong earnings in Finland, while in Sweden we do not live up to our expectations. To some extent, developments in Sweden were affected by weaker demand from the public sector and locally in the telecom sector in Blekinge,” says Lars Stugemo, President and CEO of HiQ.
Invitation to the presentation of HiQ’s interim report at 9.00 a.m. on 16 July
HiQ‘s interim report for January-June 2019 will be presented at 9.00 a.m. on Tuesday 16 July at HiQ’s 7th floor office at Katarinavägen 15 in Stockholm.
Change in number of outstanding shares in HiQ during June
As of 28 June 2019 the number of outstanding shares and votes in HiQ International AB amount to 55 842 087 shares, following an increase of the number of shares and votes in June by 2 500.
HiQ develops software for acclaimed tech start-up InviSense
HiQ has developed the software for start-up company InviSense’s smart moisture scanners, which have attracted considerable attention.
“This is a new, exciting collaboration with a company that has new moisture-prevention products and services with the potential to completely revolutionize the construction industry,” said Patrik Holm, Managing Director of HiQ in Östergötland.
Change in number of outstanding shares in HiQ during May
As of 31 May 2019 the number of outstanding shares and votes in HiQ International AB amount to 55 839 587 shares, following a decrease of the number of shares and votes in May by 55 839 587.
HiQ divests holding in Westend Affärscentrum
HiQ has today entered into an agreement with YIT to sell HiQ’s holdings in Westend Affärscentrum OY. The divestment will result in a gain of approximately SEK 20 million, which will be booked in the second quarter 2019.
HiQ loi Norjan Shell-huoltoasemille Snarveien-hittisovelluksen
HiQ on tehnyt St1:n omistamalle Shell-huoltoasemaketjulle Snarveien-sovelluksen. Nimi on norjaa ja tarkoittaa ”oikotietä”. Sovelluksella Shellin asiakkaat voivat helposti hankkia kahvinsa huoltoasemilta kiinteällä vuosihinnalla.
– Tämä on hieno projekti, jossa autamme pohjoismaista yritystä digitalisoimaan aikaisemmin manuaalisesti hoidetun prosessin ja tuomme lisäarvoa kaikille Norjan kahvinjuojille, sanoo HiQ Finlandin toimitusjohtaja Jukka Rautio.
HiQ Sailing Team aims for a new record
HiQ celebrates 20 years on the stock market by trying to break the Gotland Runt sailing competition record. Again.
“Eleven years ago, we beat the speed record around Gotland with trimaran HiQ III. Now we’re also aiming
to break the monohull record with the HiQ IV,” says Erik Ridman, Head of Communications at HiQ.
HiQ and Scania develop an app that gives Scania customers faster assistance during unscheduled downtime
By simplifying and accelerating communication through a simple app between service technicians and Scania Assistance, customers and drivers facing unscheduled downtime are getting much faster, better help. A big win, as it shortens the vehicle’s standstill time.
“It's a terrific solution and another perfect example of how we use technology to simplify and improve people’s lives,” says Helena Forsmark, Managing Director of HiQ Stockholm.
Change in number of outstanding shares in HiQ during April
As of 30 April 2019 the number of outstanding shares and votes in HiQ International AB amount to 111 679 174 shares (of which 55 839 587 are redemption shares), following an increase of the number of shares and votes in April by 55 839 587.
Increased profit for HiQ
Net sales during the first quarter increases with 3 percent and amount to SEK 488.3 (474.4) million. Operating profit for the same period amounts to SEK 55.1 (52.1) million, an increase with 6 per cent. HiQ’s financial position is solid. Cash flow during the quarter amounts to SEK 61.5 million and liquid assets total SEK 232.8 million. At the end of the quarter we are 1,601 employees at HiQ. The General Meeting decides a dividend of SEK 3.35 per share. A total of
SEK 187 million.
“Overall, earnings for the quarter are quite good. We are growing and profits are increasing. In Finland, the quarter is very strong. In Sweden, we do not reach our full potential. In Gothenburg, quarterly earnings are good, and we clearly see positive results from the measures we took last year. And as we proudly celebrate 20 years as a listed company, we have also done our 65th profitable quarter in a row. Since HiQ’s listing, we have delivered profit in 80 of 81 quarters,” says Lars Stugemo, CEO and President of HiQ.
Invitation to the presentation of HiQ’s interim report at 9.00 a.m. on 25 April
HiQ‘s interim report for January-March 2019 will be presented at 9.00 a.m. on Thursday 25 April at HiQ’s 7th floor office at Katarinavägen 15 in Stockholm.
HiQ helps Sixt launch a new service
As Sixt in Sweden launches Sixt Flex – a completely new service for mobility and long-term rental – it’s turning to HiQ to develop its new website.
“I’m thrilled and proud to gain the confidence of Sixt in Sweden to take part in launching this innovative service,” says Anna Kleine, Managing Director of HiQ Skåne.
Helena Forsmark – new Managing Director of HiQ’s subsidiary HiQ Stockholm
Helena Forsmark will be the new MD of HiQ Stockholm. Helena will contribute her extensive experience from HiQ and the consulting industry as well as enthusiasm and drive to continue HiQ Stockholm’s development.
“Helena Forsmark has a lengthy background as a leader and role model at HiQ. She is currently working as Business Area Manager for Product Innovation in Stockholm and, with her background in technology development and R&D and her great enthusiasm, will be a great leader for our company in Stockholm,” says Lars Stugemo, President and CEO of HiQ.
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